(based on active accounts as of 12/31/16) 139,803€¦ · *2016 u.s. census estimate for georgia...
TRANSCRIPT
$2,125,428,909 Total Assets
Who is saving in the Path2College 529 Plan
18-25
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-65
65+
3,214
1,064
5,659
16,660
12,410
18,267
11,808
6,232
3,113
6,399
Ag
e
Beneficiary age at account opening0-5
6-11
12-14
15-18
19-24
25+
59,394
34,268
15,139
3,121
3,228
26,569Ag
e
Current age of beneficiaries 0-5
6-11
12-14
15-18
19-24
25+
29,838
42,035
24,002
14,400
4,956
24,572Ag
e
$558,481,244Qualified withdrawals since inception
Qualified higher education expenses include tuition, fees, books, supplies and equipment required for enrollment, such as computers and related technology such as internet access fees, software or printers.
(Many account owners have accounts for more than one beneficiary/child)
Path2College Stats
84,846 Account Owners
$14,763
$27,754
115,375
Average monthly contribution
Averageaccount size
$363
Beneficiaries
WITHDRAWALSWITHDRAW
ALS
How people contribute to the PlanAutomatic ContributionCheckPayroll DeductionE-Gift
68%
28%
Contributions to Path2College 529 Plan can be made for as little as $25.
$Georgia's average monthly contribution for contributing accounts
Albany –$359
Atlanta –$373
Augusta –$340
Columbus –$346
Dalton –$353
Macon –$323
Savannah –$363
Valdosta –$341
Average Georgia student loan debt for class of 2015
The Institute for College Access & Success
Number of children under the age of 18 with a Path2College 529 Plan
$29,230Average cost of college
in Georgia public & private schools
IPEDS
2,511,544
4.0%
Number of Georgia children under the age of 18
*2016 U.S. Census estimate for Georgia
Albany –372Atlanta –90,798Augusta –1,065Columbus –837
Dalton –474Macon –1,995Savannah –1,850Valdosta –313
Other –4,146Out-of-State –13,525
139,803 www.path2college529.com
(based on active accounts as of 12/31/16)
Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. Visit www.path2college529.com for a Plan Disclosure Booklet containing this and other information. Please read it carefully.Before investing in a 529 plan, you should consider whether the state you or your beneficiary reside in or have taxable income in has a 529 plan that offers
favorable state income tax or other benefits that are only available if you invest in that state’s 529 plan.Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances. Non-qualified withdrawals may be subject to federal and state taxes and the additional 10% federal tax.
Account value for the investment options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions. TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Path2College 529 Plan.
120097
2.4%1.6%
% of Georgia children under the age of 18 with a Path2College account
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